Reborn Entrepreneurial Giant.

Chapter 228 Investing in Itochu Corporation

The Vision Fund is investing while raising funds, and has not yet been calculated.

Because they are making medium- and long-term investments and do not have strict requirements for network and electricity, the headquarters of Vision and Xiangjiang Investment is inconspicuous in Xiangjiang, and they rented a floor in the second phase of China International Finance Corporation.

Vision's high-risk speculation continues. In addition to crude oil and gold, there are also bonds. For example, betting that AIG and Citibank will not go bankrupt, betting that Standard Chartered Bank will not go bankrupt, Xiangjiang's Liu bought at a discount during the subprime mortgage crisis. After breaking the bonds, he finally made a huge profit of HK$500 billion. I don’t know whether it is true or not. Anyway, he is sure to make money.

In addition to raising funds, Vision has also received financial support from banks such as HSBC and UBS, so it is certain that it will make money.He determined that AIG, Citigroup, and Standard Chartered Bank did not go bankrupt in the end, and that their corporate bonds fell to about [-]% of their original prices and were purchased in large quantities by Envision. When the crisis was resolved, it would not be a problem to make triple the profits.

Seeing the strong profitability of Yuanjing Xiangjiang, the banks that cooperated with them were naturally moved. Sun Jianhe and the others were already preparing to apply for Xiangjiang's brokerage license, not to become a brokerage, but to keep their speculation more confidential.

A company is neither short of money nor short of people. It has established a strong reputation in the early stage and has business to constantly push them forward. He really doesn't believe it if there is no future.Of course, Vision Investment must also build a firewall internally. High-risk speculation must not be related to equity investment and stock investment, and strategic investment must not be handled together with ordinary investment.

It may not be intuitive to say this. For example, if Facebook, Twitter, Tesla, and Riot Games are put into one company, they will not sign any related contracts with any company without Qu Li's signature. It is considered a clean shell company.

Spansion Semiconductor, Talison, possible Infineon in the future, and CATL, which has not yet invested, will be placed in another company to facilitate collaboration between them and enjoy more dividends than the previous shell company.

There are also equity investment projects they make themselves, of course in accordance with industry rules, and may even receive more than other companies in the industry.This is the hierarchical and hierarchical management to ensure that risk prevention and control is done well, and FB and Twitter cannot be affected by the losses of hedge funds.

Qu Li's extreme fear of risk will definitely affect his vision, but he may be deformed, thinking that he wants to firmly grasp control. Otherwise, why would he make high-risk investments? Both Spansion Semiconductor and Infineon are very likely. Bankruptcy is a very risky time to invest.

There is no such thing as perfection in this world. Qu Li participated in the construction of the corporate culture and management system of these two companies: The establishment of Vision and Xiangjiang Investment must first serve me, but as Jumei and Glory grow, I need to use Your time will be less and less. In the future, I will reduce my involvement in business operations. At most, I hope that everyone can stand and make money, do not do things that violate the law and morality, and must not learn the bad habits of Wall Street and eat at home. Home.

To be a respected company and a respected person, even if you are pretending, you have to pretend for a lifetime.

Vision and Xiangjiang Investment will become private equity funds like Blackstone, Oaktree, Carlyle, and KKR in the future, and the stock investment business will be transferred to Xiangcai Securities in the future.

That is a matter for the future. Now, Qu Li has to deal with his 2 million US dollars in Japan. When converted into Japanese yen, it is about 230 billion. When converted into US dollars, it is about 2.6 million. But do you want to exchange it?He needs to make a decision.

"Will Mr. Qu want to invest in Japan in the future?"

"Of course." Jumei must definitely open up the Japanese market, not only to sell goods but also to buy goods. This is an obvious thing. Just because Ali Taobao and Goudong have not achieved success in Japan, we cannot deny the practical significance of entering the Japanese market. ?

First of all, in terms of product quality, Japanese products have no price advantage, but the average quality of most products is higher than that of domestic products, even if they are domestic OEMs.It’s not that Zhongguo doesn’t have the production capacity, but in the context of price competition, when domestic sellers balance product price, quality and sales, most of them will lower quality and lower selling prices.

Jumei will definitely purchase goods from Japan in the future, and will also try to let Shopee enter the Japanese market. Starting from physical group purchases, it will gradually encroach on the Japanese B2C e-commerce market and rely on Chinese sellers to compete with Amazon and Japanese Lotte.

"Then we can choose a partner in Japan and have long-term cooperation."

“Can’t SoftBank?”

"It's best to be a comprehensive trading company. You often need to deal with them when doing import and export trade in Japan." Yuanjing obviously has knowledge. The five major trading companies in Japan are extremely bullish.

"Fujitsu, the previous major shareholder of Spansion Semiconductor, was a member of the Daiichi Banking Consortium, and Itochu Corporation was also part of this consortium..."

Qu Li read the information and found that Itochu Corporation was the first comprehensive trading company recognized as a friendly trading company. Later, a quarter of the company's employees were required to understand Chinese. However, with the stagnation of Japan's economy, it was in trouble in the past few years. , after adjustments over the years, the business situation is still not sluggish.

"We can't buy many shares with this money, right?"

"More than 3.5%, if you invest in Itochu, you may not make any money, and the company is too small, so such an investment will be meaningless."

"If Jumei sells one trillion yuan a year in ten years, will it import 100 billion yuan from Japan?"

"It will definitely make a profit without losing any money. It will deepen the trust between the two parties and also give Envision the opportunity to cooperate with the financial institutions in the First Bank Consortium..."

Qu Li asked a lot more questions, and it became clear that the comprehensive trading company is the link between the Japanese consortium, and most of the cooperation within the consortium will go through the trading company. This is a protection and a restriction. It is equivalent to Qu Li's investment in CATL, so he will definitely give priority when buying batteries.It would be great if we grow together, but if there are key companies that are trying to develop, it will only hurt a group of people. Japanese consumer electronics and home appliance companies, which were extremely strong in the 80s and 90s and even in the early 21st century, finally disappeared from the market. If this was not a shortcoming caused by the Japanese consortium model, he did not believe it.

But Qu Li has no foundation in Japan. If he can develop with the help of Itochu or First Bank, it would not be a bad thing, but will it have an impact on Glory?Fujitsu is the number one IT manufacturer in Japan and the fourth largest IT services company in the world. Its server and PC businesses are also good.What about cloud computing? Can we cooperate with Fujitsu?

"Buy it, just invest in Itochu..." Qu Li hesitated for a long time. Vision will invest more with other people's money in the future. Even if the US$2 million is a loss, it will have little impact on him.

Affected by the subprime mortgage crisis, Itochu's stock price fell. Envision finally acquired nearly 4% of the company's shares, and then they came to the door.